Citi

Gategroup, the airline food services company, has increased the size of a revolving credit facility after an amendment operation, giving the company greater financial headroom.

The Republic of Indonesia hit the market on Monday as it seeks to tie up a five year and a 10 year wakala — the first time the southeast Asian country has attempted a sukuk offering in two tranches.

Azerbaijan's Southern Gas Corridor Company printed its $1bn 10 year bond on Thursday 80bp back of the sovereign curve, benefiting from an explicit state guarantee.

Chinese e-commerce group Alibaba is understood to have seen a good turnout for a roadshow held on Thursday for its $3bn syndicated loan. Bankers reckon the pricing and the potential use of proceeds contributed to the appeal.

A postponed deal as issuers clashed in the SSA market left a blemish on a strong week for the improving public sector dollar bond market. But such occurrences may well become the norm as issuers crowd in to narrow windows, writes Craig McGlashan.

As further news of banks being unofficially asked to stay out of arranging a Russian sovereign bond was leaked this week, gas giant Gazprom entered the Swiss franc market and drew one of the largest ever books for a note in the currency, demonstrating the pent up demand that exists for Russian paper.

As the European high yield market showed signs of becoming friendlier to borrowers, French car parts supplier Faurecia on Thursday sold €700m of notes to redeem a €490m unsecured bond.

Sappi Papier, the Austrian-South African paper manufacturer, sold €350m of secured notes at 4% to refinance its 2021 dollar bond, in a European high yield market that has brought forward its post-Easter pipeline of deals.

There was little sign of post-AB InBev indigestion in the corporate market on Thursday as Energias de Portugal issued a €600m seven year bond.

After a quiet week in which only two benchmark deals took place — including a debut euro benchmark from Finland's Municipality Finance — the sovereign, supranational and agency market is eagerly awaiting a deal from the European Stability Mechanism.

GlobalCapital announces the results of its Equity Capital Markets Awards for 2015, following our inaugural ECM Awards Dinner, in London on March 16.

Azerbaijan's Southern Gas Corridor Company has released initial price thoughts for a 10 year bond at 7% yield area. The deal size has officially been set at benchmark, but GlobalCapital understands the state-owned company is looking for a deal of around $1bn.